(19 SEPTEMBER 2018)USD/TRY:Continuation of the rebound.

Pivot (invalidation): 6.3290

Our preference

Long positions above 6.3290 with targets at 6.4650 & 6.5000 in extension.

Alternative scenario

Below 6.3290 look for further downside with 6.2760 & 6.2265 as targets.

Comment

A support base at 6.3290 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)